The Bank of Thailand is proposing an amendment to the Credit Information Business Act of 2002 to attract business operators to become intermediaries in providing loans.
The move aims to reduce the risk and cost of the loan intermediary business, said a Finance Ministry source who requested anonymity.
The loan intermediary business that operates peer-to-peer (P2P) lending under the Bank of Thailand’s supervision and debt crowdfunding under the Securities and Exchange Commission’s oversight are alternative sources of fundraising platforms for small and medium-sized enterprises. Read more…..
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Thai Finance Minister Uttama Savanayana talks about the country’s currency and the economy. He speaks on the sidelines for the Asian Financial Forum in Hong Kong with David Ingles on “Bloomberg Markets: Asia.”